Ron Paul ‘money bomb’ rakes in over $700K in one day

By Eric W. Dolan
Thursday, May 5, 2011 19:37 EDT
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Money poured into an online “money bomb” fundraiser for Texas Rep. Ron Paul (R) on Thursday ahead of a Fox News Republican presidential debate.

As of 7:00pm EST, the libertarian-leaning congressman had accumulated over $700,000, according to his website. A previous “money bomb” fundraiser in February raised around $700,000 for Paul. Mercury News has described the strategy, which he often uses, as “a one-day fundraising frenzy.”

Paul ran for president as a the Libertarian Party’s candidate in 1988. In 2008, he campaigned to become the Republican Party’s presidential candidate, but was not nominated.

He announced his third and current presidential bid in April.

Paul has already won a number of straw polls to gauge popularity ahead of the 2012 presidential race, coming out on top in survey’s conducted in key South Carolina counties, Sacramento and at the Conservative Political Action Conference.

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
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